With its bank credit scarce, Dubai is planning to raise at least $500 million by issuing bonds secured against future revenues of Dubai Duty Free. Will shopping save the day?
March 6, 2012 2:18
Dubai plans to raise funds by selling debt based on future revenues at Dubai Duty Free, one of the world's largest airport retailers, according to three sources.
March 5, 2012 1:41
Dubai's ship building unit Drydocks World, in negotiations to restructure a $2.2 billion loan facility, will present terms of the proposal to lenders on March 8, seeking to put an end to the long-drawn and complex debt talks.
March 1, 2012 1:42
Saudi Arabia's request is pretty clear cut. More financial contribution should mean more influence. But will the ego of the 'super power' countries get in the way?
January 24, 2012 4:52